PayPal Holdings, Inc. income statement & cash flow
In the fiscal year ended Dec 31, 2025, PayPal Holdings, Inc. reported net income of $5.23B on revenue of $33.17B. Operating cash flow was $6.42B and capital expenditures were $852.00M, leaving $5.56B of free cash flow (operating cash flow minus capital expenditures).
Income statement and cash flow summary
| Fiscal year ended | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.84B | $13.09B | $15.45B | $17.77B | $21.45B | $25.37B | $27.52B | $29.77B | $31.80B | $33.17B |
| Operating income | $1.59B | $2.13B | $2.19B | $2.72B | $3.29B | $4.26B | $3.84B | $5.03B | $5.33B | $6.07B |
| Net income | $1.40B | $1.79B | $2.06B | $2.46B | $4.20B | $4.17B | $2.42B | $4.25B | $4.15B | $5.23B |
| Diluted EPS | $1.15 | $1.47 | $1.71 | $2.07 | $3.54 | $3.52 | $2.09 | $3.84 | $3.99 | $5.41 |
| Operating cash flow | $3.16B | $2.53B | $5.48B | $4.07B | $6.22B | $5.80B | $5.81B | $4.84B | $7.45B | $6.42B |
| Capital expenditures | $669.00M | $667.00M | $823.00M | $704.00M | $866.00M | $908.00M | $706.00M | $623.00M | $683.00M | $852.00M |
| Reported in | 10-K 2019 | 10-K 2020 | 10-K 2021 | 10-K 2022 | 10-K 2023 | 10-K 2024 | 10-K 2025 | 10-K 2026 | 10-K 2026 | 10-K 2026 |
Margins
Each figure divided by revenue for the same fiscal year.
| Fiscal year ended | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| Dec 2025 | — | 18.3% | 15.8% |
| Dec 2024 | — | 16.7% | 13.0% |
| Dec 2023 | — | 16.9% | 14.3% |
| Dec 2022 | — | 13.9% | 8.8% |
| Dec 2021 | — | 16.8% | 16.4% |
Source: SEC EDGAR XBRL company facts for CIK 1633917 (raw data). Most recent filing in this dataset: 10-Q filed Oct 27, 2026. SEC data file dated Nov 3, 2026; page built Nov 5, 2026. Figures are as most recently reported, including restatements. How we select figures.